Smart & Final Stores (SFS) Posts Earnings Results, Beats Estimates By $0.04 EPS

Smart & Final Stores (NYSE:SFS) released its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04, Bloomberg Earnings reports. Smart & Final Stores had a positive return on equity of 4.77% and a negative net margin of 3.04%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Smart & Final Stores updated its FY18 guidance to $0.42-0.47 EPS.

Shares of Smart & Final Stores (SFS) opened at $6.00 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $534.57, a PE ratio of -3.17, a P/E/G ratio of 3.40 and a beta of 0.99. Smart & Final Stores has a 12-month low of $5.75 and a 12-month high of $13.95.

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A number of research firms recently issued reports on SFS. Morgan Stanley cut their price target on Smart & Final Stores from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Thursday. Loop Capital cut Smart & Final Stores from a “buy” rating to a “hold” rating and cut their price target for the company from $11.00 to $8.00 in a report on Thursday. TheStreet lowered Smart & Final Stores from a “c” rating to a “d+” rating in a research report on Wednesday. Zacks Investment Research lowered Smart & Final Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Finally, ValuEngine upgraded Smart & Final Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Smart & Final Stores presently has a consensus rating of “Hold” and an average target price of $10.31.

In related news, EVP Scott R. Drew sold 36,560 shares of Smart & Final Stores stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $8.99, for a total value of $328,674.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.47% of the stock is owned by company insiders.

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About Smart & Final Stores

Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.

Earnings History for Smart & Final Stores (NYSE:SFS)

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